By Richard D. Vetstein, ESQ
First Reported Mass. Ruling On Home Affordable Modification Program Liability
The fallout from the sub-prime and mortgage crisis continues in
Massachusetts courts, and some judges are reacting in favor of
sympathetic borrowers. In Parker v. Bank of America ,
By the Ballard Spahr LLP Mortgage Banking Group
The law is well settled that borrowers do not have a direct right of action under the Home Affordable Modification Program (HAMP) against a lender that fails to offer a loan modification. A split of authority continues, however, on whether a lender...